Private Equity Firm Sherburne Partners Invests in Digital Color Concepts
Digital Color Concepts ("DCC" or the "Company), a manufacturer of folding carton packaging and leading provider of premium commercial print services, announced a majority equity recapitalization by Sherburne Partners ("Sherburne"). This investment by Sherburne, a private investment firm based in New York City, aims to accelerate the Company's growth in packaging operations, enable DCC's management team to optimize the business and strengthen DCC's unwavering commitment to customer satisfaction. Based in New Jersey and New York, DCC will continue to be led by the existing management team, including industry veterans President Don Terwilliger and CEO Stephen Pandolfi, who will remain significant equity holders in the business. Genesis Park, a Houston-based private investment firm, provided debt financing to support the transaction.
"DCC has a demonstrated track record of exceptional quality, investing in new equipment and technology to meet the production needs and critical turnaround times that are integral to our client's success. We are excited to see continued growth through our partnership with Sherburne," says Terwilliger.
Sherburne, led by Co-Managing Partners Oliver Patten and Parker Shields, focuses on long-term oriented, strategic growth investments in industrial and business services industries. Patten said, "We are thrilled to invest in DCC. Their commitment to providing exceptional quality work and a premium experience for their clients aligns strongly with our strategy to build a fully integrated, growth-oriented print and packaging platform serving attractive end markets with a customer-centric approach." Shields adds, "We are excited to invest for the future and partner with Don, Steve, and the management team to support the Company's continued growth while maintaining DCC's unwavering commitment to its customers and overall mission. We are looking forward to continuing to pursue complementary acquisitions as we build out the DCC platform."
Source: Digital Color Concepts
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.
